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Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12 and 16 frozen pizzas
Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: In addition, Lorenzo's has determined the following information about each material: Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Units required for production: 12" pizza 16" pizza Potal pounds required Less estimated inventory, September 1 Total pounds to be purchased Unit price (per pound) Total direct materials to be purchased
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